Regulatory delay slows closing for Texas FM

By on Oct, 1 2014 with Comments 0

SoldThe sale of a Texas FM out of a trust has made it to the finish line. The station is KHHL-FM Karnes City and the new owner is radio veteran Larry Wilson. Broker: Patrick Communications.

The station was originally part of an acquisition by Wilson’s Alpha Media LLC of a San Antonio cluster comprised of KJXK-FM, KTSA-AM, KZDC-AM, KHHL-FM, KLEY-FM, KSAH-AM, KSAH-FM & KTFM-FM. The price was $31M.

The former Border Media stations were sold by the Border Media Business Trust, headed by Larry Patrick.

However, KHHL was specifically cited in a pair of complaints, and that was holding up processing of the entire deal. So the parties split the station out early in 2014 so that closing could proceed on the other stations.

And now, according to Patrick, it has taken place for KHHL as well. The price was $250K.

The station is a Class C2 on 103.1 MHz with 34 kW @ 592’. It is on the fringe of the market, serving the area to the southeast of San Antonio and putting only a fringe contour over the city.

About The Author: RBR+TVBR has been reporting on the business of broadcasting for nearly three decades. Beholden to no one, it is independently owned.

Comments are closed.